Raffiq Nathoo
the Board appointed Raffiq Nathoo as an independent director, effective immediately
Highest-materiality recent filing
Request filed with MoPSC for $179M annualized incremental revenue, plus $32M in infrastructure surcharges.
Missouri American Water files $179M rate request with MoPSC, driven by $1.6B capex plan
Annualized incremental revenue of ~$179M sought, plus ~$32M in infrastructure surcharges ($18M pending approval).
Cal Am partial settlement for $24M annual revenue; Va Am settles for $16M
Cal Am partial settlement with CPUC: $24M incremental annual revenue in 2027 test year, down from requested $43M.
American Water completes $315M acquisition of Nexus Water systems in eight states
Acquired water/wastewater assets in IL, IN, KY, MD, NJ, PA, TN, VA for ~$315M.
American Water subsidiary issues $500M 4.625% senior notes due 2029
$500M aggregate principal, 4.625% rate, due 2029; net proceeds ~$498M after underwriting discounts.
Kentucky-American Water files $17.7M rate case; shareholders approve charter amendment, equity plan
Kentucky-American Water filed rate request seeking $17.7M annualized incremental revenue, based on 10.75% ROE and $108M capex.
American Water Q1 adjusted EPS $1.01 vs $1.02; affirms 2026 guidance; dividend raised 8.2%
Q1 GAAP EPS $1.00 vs $1.05 YoY; adjusted EPS $1.01 vs $1.02.
American Water Capital Corp. issues $700M of 5.200% Senior Notes due 2036
$700M of 5.200% Senior Notes due 2036 issued by AWCC; backed by American Water support agreement.
West Virginia American Water gets PSC approval for $20.5M annual rate increase
Authorized annualized revenue increase of $20.5M, excludes $12.7M in prior infrastructure surcharges.
Maryland American Water granted ~$2M annualized rate increase by MD PSC
MDPSC approves consolidated annualized water revenue increase of ~$2 million; $1M effective Feb 26, 2026, remainder Jan 1, 2027.
American Water reports 2025 adjusted EPS $5.64, up 8.9% YoY; affirms 2026 guidance
2025 GAAP EPS $5.69 (vs $5.39 in 2024); adjusted EPS $5.64, up 8.9% YoY; Q4 GAAP EPS $1.22 flat YoY.
AWK and Essential shareholders approve merger; final vote pending
Shareholders of both American Water Works (AWK) and Essential Utilities voted to approve the merger at special meetings held February 10, 2026.
Shareholders of American Water and Essential Utilities overwhelmingly approve merger proposals
99% of American Water shares present voted for share issuance (160.4M for, 0.6M against).
Illinois American Water files $134M rate case with ICC for $577M in capital investments
Two-step rate increase: $119M effective Jan 1, 2027, plus $15M effective Jan 1, 2028, based on 10.75% ROE.
New Jersey American Water files rate request with NJBPU seeking $146M annualized incremental revenue
Request seeks $146M annualized revenue increase based on proposed ROE of 10.75% and 55.18% equity capital structure.
Kentucky PSC approves $18.2M annual rate increase for American Water subsidiary
KPSC final order grants $18.2M annualized revenue increase, effective Dec 16, 2025.
Pennsylvania American Water files $169M annual rate request with PaPUC
Seeks $169M annual incremental revenue, plus $19M infrastructure surcharges.
Virginia-American Water files $21.9M rate request, citing $115M in capital investments
Seeks annual revenue increase of $21.9M from Virginia SCC, based on 10.75% ROE and 51.79% equity ratio.
Q3 2025 EPS $1.94 vs $1.80 YoY; YTD EPS $4.47 vs $4.17.
American Water to acquire Essential Utilities in stock-for-stock merger at 0.305x exchange ratio
Essential shareholders to receive 0.305 shares of AWK common stock per share held; deal unanimously approved by both boards.
American Water appoints Lisa A. Grow (IDACORP CEO) to board as independent director
Board size increased to 10; Grow appointed as independent director effective Aug 26, 2025.
American Water raises $887M from 5.7% 2055 notes, completes $147.5M equity option
AWCC issued $900M of 5.700% Senior Notes due 2055, net proceeds ~$887.2M.
American Water enters forward sale agreements to raise ~$983.5M via equity offering
Forward sale agreements for 7,042,254 shares at initial price of $139.657 per share.
Seeks $3.0M annualized incremental revenues; proposed ROE 10.64%, equity 52.32%.
American Water Q2 EPS $1.48 vs $1.42; narrows 2025 guidance to $5.70-$5.75
Q2 2025 EPS $1.48, up from $1.42 in Q2 2024; YTD EPS $2.53 vs $2.37.
American Water subsidiary files $111M rate request with CPUC, citing $750M infrastructure spend
Filing seeks $63.1M revenue increase vs 2025 authorized; total $111.2M over 2027-2029.
American Water appoints Raffiq Nathoo as independent director, board expands to nine members
Board expanded from 8 to 9 members; Nathoo appointed effective June 9, 2025.
Iowa American Water granted $12.7M annualized rate increase by IUC
IUC approved $12.7M annualized revenue increase for Iowa American Water, excluding $0.9M surcharges.
American Water to acquire Nexus Water Group regulated systems in 8 states for $315M
Purchase price ~$315M cash for regulated water/wastewater assets in eight states from Nexus Water Group.
AWK subsidiary seeks $26.9M annual rate increase from Kentucky PSC
Kentucky American Water filed rate request for ~$26.9M incremental revenue, excluding $9.9M infrastructure surcharges.
Missouri PSC approves $63.1M rate increase for American Water subsidiary
MoPSC approved settlement granting $63.1M annualized revenue increase (vs. $107.4M request).
Seeks $47.8M annual incremental revenue (excl. $12.7M surcharges) in two steps: $32.6M in Mar 2026, $15.2M in Mar 2027.
American Water Q1 EPS $1.05 vs $0.95; raises dividend 8.2% to $0.8275
Q1 2025 EPS of $1.05, compared to $0.95 in Q1 2024 (increase of 10.5%).
Kimberly J. Harris resigns from American Water Works board for personal health reasons
Kimberly J. Harris resigned as director and Nominating Committee Chair, effective March 24, 2025.
Missouri-American Water stipulates to $63.1M rate increase, below $107.4M request
Missouri-American Water agreed to annualized revenue increase of ~$63.1M, down from revised request of $107.4M.
American Water Works EVP & CHRO Kennedy to depart March 1; severance disclosed
Separation effective March 1, 2025; 12 months base salary severance of $487,953.
Virginia American Water gets $14.6M rate increase; AWCC closes $800M note offering
VA American Water rate case settled: $14.6M annualized revenue increase approved, down from $19.7M requested.
American Water Works EVP & CHRO Melanie Kennedy to depart effective March 1, 2025
Melanie M. Kennedy, EVP & Chief Human Resources Officer, will separate from service effective March 1, 2025.
American Water reports 2024 EPS $5.39 (+10%); CEO Hardwick to retire May 14
2024 EPS $5.39 vs $4.90 in 2023; adjusted EPS $5.18 vs $4.77 (+8.6% YoY). Q4 EPS $1.22 vs $0.88.
CPUC approves $20.9M annual revenue increase for American Water's Cal Am subsidiary
CPUC approved partial settlement providing incremental annualized revenues of $20.9M (2024), $15.9M (2025), and $15.9M (2026).
Illinois American Water gets $110.6M annualized rate increase from ICC
ICC approved $110.6M revenue increase (vs. $140M step 1 requested; $16M step 2 denied). Effective Jan 1, 2025.
Kentucky American Water rate case order raised to $17.3M revenue increase
KPSC final order on Nov 6, 2024 approves $17.3M annualized water revenue increase.
American Water Q3 EPS $1.80 beats year-ago $1.66; initiates 2025 guidance $5.65-$5.75
Q3 2024 EPS $1.80 vs $1.66 YoY; YTD EPS $4.17 vs $4.03.
American Water appoints Stuart McGuigan as independent director, board expands to 10
Stuart M. McGuigan appointed to board effective Oct. 29, 2024; board size increased from 9 to 10.
American Water Works reactivating systems after Oct 7 cyber incident; no water quality impact
No indication water/wastewater facilities or water quality were impacted by the incident.
American Water Works discloses cybersecurity incident; no water operations impact
Unauthorized network activity discovered Oct 3, 2024; incident response protocols activated immediately.
PA court dismisses appeals, clearing American Water's $230M wastewater asset acquisition
Pennsylvania Commonwealth Court dismissed appeals by Center and Summit Townships opposing PaPUC's Nov 2023 approval.
Stipulation agreed to $14.6M annualized revenue increase vs. original $19.7M request.
NJ BPU approves $79.5M rate increase for American Water's NJ unit, less than $161.7M sought
NJBPU approved $79.5M annualized water/wastewater revenue increase for New Jersey American Water, effective Sept 15, 2024.
PA American Water and Towamencin Township to terminate wastewater system sale
Process to terminate Asset Purchase Agreement for Towamencin wastewater system; no penalty expected.
the Board appointed Raffiq Nathoo as an independent director, effective immediately
On March 24, 2025, Karl F. Kurz, the Company’s Board Chair, was notified by Kimberly J. Harris of her decision to resign as a member of the Board of Directors (the “Board”) of American Water Works Company, Inc. (the “Company”), effective immediately.
On February 28, 2025 , the Executive Development and Compensation Committee of the Board of Directors of American Water Works Company, Inc. (the “Company”) unanimously approved a Severance Agreement and General Release (the “Severance Agreement”) to be entered into between Melanie M. Kennedy, the Company’s Executive Vice President and Chief Human Resources Officer, and American Water Works Service Company, Inc., a wholly owned subsidiary of the Company and Ms. Kennedy’s employer.
On February 22, 2025 , American Water Works Company, Inc. (the “Company”) agreed to a separation from service with Melanie M. Kennedy, Executive Vice President and Chief Human Resources Officer and a named executive officer of the Company, effective March 1, 2025
the Board appointed Stuart M. McGuigan as an independent director, effective immediately and for a term ending on the date of the Company’s 2025 Annual Meeting of Shareholders
(ii) David Bowler, 46, currently the Company’s Senior Vice President, Deputy Chief Financial Officer and Treasurer, to serve as the Company’s Executive Vice President and Chief Financial Officer, and its principal financial officer.
As of August 1, 2024, M. Susan Hardwick’s officer title will change from President and Chief Executive Officer, to Chief Executive Officer, and she will remain the Company’s principal executive officer and a member of the Board.
the Board has elected and designated, effective as of August 1, 2024: (i) John C. Griffith, 58, currently the Company’s Executive Vice President and Chief Financial Officer, to serve as the Company’s President;
On June 4, 2024, James H. Gallegos, Executive Vice President and General Counsel of American Water Works Company, Inc. (the “Company”), notified the Company of his retirement, effective immediately.
The Company’s Board of Directors has designated Stacy A. Mitchell, previously Senior Vice President and Deputy General Counsel, as the Company’s Executive Vice President and General Counsel.
the Board appointed Laurie P. Havanec and Michael L. Marberry as independent directors
the Board appointed Laurie P. Havanec and Michael L. Marberry as independent directors
Max materiality 0.90 · Median 0.60 · Most common event regulatory